Sharing economy

Airbnb cuts 1,900 jobs as coronavirus hits home rentals

Airbnb Inc is laying off 25 percent of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the Covid-19 pandemic brings global travel to a near standstill.

"Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019," founder Brian Chesky said in a memo to employees.

Short-term property rental market saturated

The number of properties up for short-term lease in Greece has soared from just 130 in 2010 to over 200,000 by the end of 2019, according to a survey by the Center of Planning and Economic Research. Despite the huge changes this surge has brought to the property market, however, the regulatory framework has resisted change and adjustment to reality.

Government mulls tax on Aibnb, short-term rentals

The tourism ministry is considering imposing a tax on short-term rentals such as Airbnb on the grounds that it would establish equal treatment with hotel accommodations.

As the daily Ta Nea has reported, sources say that Tourism Minister Haris Theocharis is planning to table a bill in Parliament that would substantially change the framework set by the previous government.

Airbnb Expects to Go Public in 2020

Airbnb, a private rental company, has announced that it plans to go public in 2020, DPA and Reuters reported. From now on, analysts predict that this will be one of the most anticipated listings in the coming year.

In a brief communique, Airbnb announced that it "expects to become a publicly traded company in 2020".

The New Service for Shared Scooters Lime is Now Entering the Bulgarian Market

The Lime Shared Electric Scooter Service is now available in Sofia after reaching a number of capitals in Eastern Europe. The company is the first to offer such a service in the city, and it is the largest in the world in the segment. 150 scooters will be available for people in the capital, according to an official announcement of the company.

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